SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)*
SYNAPTX WORLDWIDE, INC.
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(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
87156P 10 3
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(CUSIP Number)
D. MIKE MAXWELL
ROUTE 3 BOX 561
N 1885 CLOVER ROAD
LAKE GENEVA, WISCONSIN 53147
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
JANUARY 14, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
Page 1 of 5 Pages
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*THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A
REPORTING PERSON'S INITIAL FILING ON THIS FORM WITH RESPECT
TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT
AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER
DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.
THE INFORMATION REQUIRED ON THE REMAINDER OF THIS COVER PAGE
SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION
18 OF THE SECURITIES EXCHANGE ACT OF 1934 (THE "ACT") OR
OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE
ACT BUT SHALL BE SUBJECT TO ALL PROVISIONS OF THE ACT
(HOWEVER, SEE THE NOTES).
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SCHEDULE 13D
CUSIP NO. 87156P 10 3 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
D. Mike Maxwell
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF
561,667 shs. (including 95,569 shares
SHARES underlying options and warrants)
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY N/A
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 561,667 shs. (including 95,569 shares
underlying options and warrants)
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,667 shs. (incl. 95,569 shs. underlying options and
warrants)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
ITEM 1. SECURITY AND ISSUER
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The class of equity securities to which this initial filing
relates is the common stock, $.001 par value per share (the
"Common Stock"), of Synaptx Worldwide, Inc., a Utah corporation
(the "Company"). The Company has its principal executive offices
at 385 Airport Road, Elgin, Illinois 60123.
ITEM 2. IDENTITY AND BACKGROUND
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(a) The person filing this statement D. Mike
Maxwell.
(b) Mr. Maxwell's address is Route 3 Box 561, N
1885 Clover Road, Lake Geneva, Wisconsin
53147.
(c) Mr. Maxwell's principal occupation is as
Executive Vice President of the Company.
(d) During the last five years Mr. Maxwell has
not been convicted in a criminal proceeding.
(e) During the last five years Mr. Maxwell was
not a party to any civil proceeding of a
judicial or administrative body of competent
jurisdiction.
(f) Mr. Maxwell is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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Personal funds were used in connection with the purchase of
466,098 shares of Common Stock noted in Item 4 below.
ITEM 4. PURPOSE OF TRANSACTION
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Mr. Maxwell acquired 466,098 shares of Common Stock in the
ordinary course of business and investment as a founder, promoter
and controlling person of the Company. Of such 466,098 shares,
400,062 are held by Mr. Maxwell's wife and 66,036 are held by Mr.
Maxwell's children and their spouses, as to which Mr. Maxwell
disclaims any beneficial ownership.
Mr. Maxwell holds immediately exercisable stock purchase
options to acquire 7,337 shares of Common Stock at an average
exercise price of $0.9995 per share and immediately exercisable
stock warrants to acquire 82,544 shares of Common Stock at an
average exercise price of $0.9086 per share.
In addition, Mr. Maxwell's wife holds immediately
exercisable stock purchase options to acquire 3,669 shares of
Common Stock at an average exercise price of $0.9086 per share,
and Mr. Maxwell's daughter-in-law holds immediately exercisable
stock purchase options to acquire 2,019 shares of Common Stock at
an average exercise price of $0.9086 per share.
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<PAGE>
Mr. Maxwell has no plans or proposals to engage in any
transactions specified in paragraphs (a) through (j) of this
Item; although he may consider one or more such transactions in
the future depending upon factors then existing, such as the
market for the Company' Common Stock and the Company's then
prospects.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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(a) Mr. Maxwell is the direct beneficial owner of
561,667 shares of Common Stock, which amount
includes 400,062 shares held by Mr. Maxwell's
wife and 66,036 shares held by Mr. Maxwell's
children and their spouses, as to which Mr.
Maxwell disclaims any beneficial ownership,
7,337 shares underlying immediately
exercisable stock purchase options at an
average exercise price of $0.9995 per share,
82,544 shares underlying immediately
exercisable stock warrants at an average
exercise price of $0.9086 per share, 3,669
shares underlying immediately exercisable
stock purchase options held by Mr. Maxwell's
wife at an average exercise price of $0.9086
per share, and 2,019 shares underlying
immediately exercisable stock purchase
options held by Mr. Maxwell's daughter-in-law
at an average exercise price of $0.9086 per
share, representing 10.6% of the Common Stock
outstanding.
(b) Mr. Maxwell has sole voting power for the
561,667 shares of Common Stock listed in Item
5(a) and has sole dispositive power as to
such 561,667 shares of Common Stock.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS AND UNDERSTANDINGS
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Not applicable.
ITEM 7. MATERIAL FILED AS EXHIBITS
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Not applicable.
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<PAGE>
SIGNATURE
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After reasonable inquiry and to the best of my knowledge, I
certify that the information set forth in the statement is true,
complete and correct.
Date: January 30, 1998
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/s/ D. Mike Maxwell
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D. Mike Maxwell
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